Category: Uncategorized

Concelex, a leading Romanian infrastructure company, has completed its leadership succession process, with Radu Pițurlea assuming the role of Chairman & CEO from founder Daniel Pițurlea. The transition to the second generation of the Pițurlea family marks a new phase for the company, according to the press release. In recent years, Concelex has recorded steady…

Romanian consumers could receive real-time alerts when their electricity consumption approaches contract limits, under a proposal being prepared by the regulatory authority ANRE. The measure aims to help households better manage usage and avoid unexpectedly high bills, according to the agency’s president, George Niculescu. According to Niculescu, suppliers would be required to notify customers when…

Romanian prime minister and leader of the National Liberal Party, Ilie Bolojan, stated in a recent interview that he will not resign in the event of a motion of censure filed by coalition partners in the Social Democratic Party. He also ruled out an alliance with the far-right party Alliance for the Union of Romanians,…

Two out of three employees in Romania feel more stressed at work than last year, as economic and social pressures continue to rise, according to a new study by Reveal Marketing Research. The findings point to growing concerns around burnout and declining job satisfaction. Only 27% of employees feel happy and fulfilled at work, down…

Eight defendants have been indicted in Romania in connection with a EUR 9 million fraud involving EU funds used for protective medical equipment during the Covid-19 pandemic, the European Public Prosecutor’s Office (EPPO) announced. The case targets a network accused of manipulating public procurement procedures to benefit selected suppliers. The EPPO said six individuals and two…

Mihaela Radu and Diana Baltac built DailyCare into a curated destination for premium beauty and wellness and they’re rewriting what it means to shop with intention in Eastern Europe. Twenty years ago, buying toothpaste in Romania was an act of pure habit. You picked up whatever brand you’d always used, spent as little as possible,…

A sociological study on Moldovans’ support for their country’s unification with Romania, as well as on their national identity and political preferences, conducted by sociologist Iulian Gramaţki (PhD Goethe University Frankfurt) with the support of ATES Research Group, revealed that 44% of the Moldovans living in their country and 61% of those in diaspora support…

Two of the main energy companies traded at Bucharest Exchange, Romgaz (BVB: SNG) and Transelectrica (BVB: TEL), announced planned 2025 dividends with rather modest yields of 1.1% and 0.4% respectively, resulting from low payout ratios generated by high investment commitments (Romgaz) or regulatory restrictions (Transelectrica). However, the price of the two companies’ shares has surged…

Bucharest-based software group Bittnet Systems has called an extraordinary general meeting of shareholders for April 29 to approve a potential bond issuance of EUR 5 million, with the option to increase the amount to up to EUR 15 million in case of strong investor demand. The planned issuance comes as Bittnet’s market capitalisation has declined…

The turnover volume index of Romanian companies that deliver services to households contracted by 13.1% y/y in January after a major 8.5% m/m (seasonally and workday adjusted) plunge in January, according to data published by the statistics office INS. The reading reflects households’ increased propensity for saving ahead of rising uncertainty, also seen in the…